Asian Shares Set for Early Losses

TODAY: Feb. 12, 2016 PUB DATE: Feb. 12, 2016

By Robb M. Stewart MELBOURNE, Australia--Stocks across Asia look set for another volatile day Friday, heading for a negative open as they track further weakness on Wall Street and in Europe as investors flee for safer investments. Still, early weakness ...

Money Is Getting Tighter Faster Than Fed Intended

TODAY: Feb. 12, 2016 PUB DATE: Feb. 12, 2016

By Ben Eisen Monetary-policy makers are coming to the grim conclusion that financial markets aren't letting them tighten financial conditions gradually. The problem: The rise of the dollar over the past year and the swift retreat from risk in 2016 ...

CFPB Rules to Rein In Payday Lenders Won't Cap Rates, Official Says

TODAY: Feb. 12, 2016 PUB DATE: Feb. 12, 2016

WASHINGTON?New federal rules for high-interest payday loans won't cap interest rates, a top official of the Consumer Financial Protection Bureau told lawmakers Thursday. "We will not establish a usury cap and interest-rate limits on these or any other lending product," ...

Dealers Tell Auto Makers: Send Trucks and SUVs, Not Cars

TODAY: Feb. 12, 2016 PUB DATE: Feb. 12, 2016

By Jeff Bennett and Christina Rogers U.S. new-car dealers are telling auto makers to limit production of passenger cars in the face of overwhelming demand for trucks and sport-utility vehicles that is forcing them to offer deep discounts on small ...

Origin Energy to Sell Mortlake Terminal Station

TODAY: Feb. 12, 2016 PUB DATE: Feb. 12, 2016

By Robb M. Stewart MELBOURNE, Australia--Origin Energy Ltd. (ORG.AU) is selling a terminal connecting a gas-fired power station with the electricity market in Australia's southern Victoria state, as part of the energy company's efforts to garner 800 million Australian dollars ...

Japanese Stocks Fall to Lowest Levels in More Than a Year

TODAY: Feb. 12, 2016 PUB DATE: Feb. 12, 2016

Japanese stocks plummeted Friday morning, plumbing their lowest level in more than a year and leading Asian markets down after a selloff in U.S. and Europe overnight. Japan's benchmark Nikkei was down 3.7% after a holiday on Thursday, its lowest ...

Japan's Aso Warns Investors Over Yen's Surge

TODAY: Feb. 12, 2016 PUB DATE: Feb. 12, 2016

TOKYO?Japanese Finance Minister Taro Aso sent a warning to investors Friday about the surging yen, saying the government will "act appropriately" in the currency markets if deemed necessary. "We have seen quite rough movements in the exchange rate recently," Mr. ...

New Lender Worry: Oil Firms Max Out Credit Lines

TODAY: Feb. 12, 2016 PUB DATE: Feb. 12, 2016

By Matt Jarzemsky Struggling oil and gas companies are maxing out revolving credit lines typically used to cover short-term funding gaps, raising fresh concerns about banks' exposure to the decline in energy prices. Midstates Petroleum Co., Linn Energy LLC and ...

J.P. Morgan CEO Buys 500,000 of Bank's Shares -- Update

TODAY: Feb. 12, 2016 PUB DATE: Feb. 12, 2016

By Justin Baer J.P. Morgan Chase & Co. Chairman and Chief Executive James Dimon bought 500,000 of his bank's shares on Thursday, a person familiar with the matter said. The $26 million purchase is designed to stem the tide of ...

Economists, CEOs: Recession Risk Rising

TODAY: Feb. 12, 2016 PUB DATE: Feb. 12, 2016

By Josh Zumbrun A growing number of corporate leaders and economists see mounting risk of the U.S. tipping into a recession, a nod to headwinds posed by the global growth slowdown and early-year convulsions in financial markets. The odds of ...

Australian Housing Finance Rises In December

TODAY: Feb. 12, 2016 PUB DATE: Feb. 12, 2016

By Vera Sprothen SYDNEY--The number of Australian home-loan approvals rose in December, in a sign that the country's housing market continues to support the economy at the end of a long mining boom. The total number of home loans taken ...

Australia's RBA Says Job Market Strong

TODAY: Feb. 12, 2016 PUB DATE: Feb. 12, 2016

SYDNEY?Australia's central bank Governor, Glenn Stevens, delivered an upbeat assessment of the economy to Parliament Friday, saying it is hard to escape the conclusion that the job market is strong despite concerns about accuracy of the data. Mr. Stevens also ...

Banks Drop as Global Rout Deepens--1st Update

TODAY: Feb. 12, 2016 PUB DATE: Feb. 12, 2016

By Tommy Stubbington And Margot Patrick Bank stocks led an intensifying rout in financial markets, amid concerns that global central banks struggling to boost growth will worsen an already tough environment for lenders. The Dow Jones Industrial Average closed down ...

Nymex Oil Futures Rebound From 12-Year Low

TODAY: Feb. 12, 2016 PUB DATE: Feb. 12, 2016

By Biman Mukherji Oil-futures prices on the New York Mercantile Exchange rebounded Friday on short-covering after touching a more than 12-year low the previous day. Light, sweet crude futures on Nymex for delivery in March traded at $27.48 a barrel ...

More Cuts Loom for Oil Companies as Crude Prices Near $25

TODAY: Feb. 12, 2016 PUB DATE: Feb. 12, 2016

By Erin Ailworth and Bradley Olson As crude prices slide toward $25 a barrel, many oil companies have little choice but to start making the steep cost cuts they have avoided up until now, jettisoning every well that can't break ...